Friday, June 1, 2012

House approves Senate flood insurance bill, sends to Obama

The House on Wednesday night approved a bill extending the National Flood Insurance Program (NFIP) for 60 days, a bill that will give the Senate more time to approve a longer-term extension.

Members approved the National Flood Insurance Program Extension Act, H.R. 5740, by voice vote after brief debate.

Passage was expected after the Senate approved a 60-day extension last week. The program expires on May 31, but once President Obama signs the bill into law, it will expire at the end of July.

The House approved a five-year flood reform bill last year, but the Senate failed to consider it or pass another alternative until last week.

After the flood vote, members quickly debated and approved H.R. 4041, the Export Promotion Reform Act. This bill aims to improve U.S. export performance by improving the coordination of export promotion activities of the federal government.

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